Payroll employment increases by 172,000 in May; unemployment rate unchanged at 4.3%

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The U.S. Bureau of Labor Statistics reported that total nonfarm payroll employment increased by 172,000 in May 2026, with the unemployment rate unchanged at 4.3 percent. Job gains occurred in leisure and hospitality, local government, and health care, while employment in financial activities declined. The number of unemployed people stood at 7.3 million, and average hourly earnings for all employees on private nonfarm payrolls rose by 12 cents, or 0.3 percent, to $37.53. The BLS also revised the change in total nonfarm payroll employment for March up by 29,000, from +185,000 to +214,000, and for April up by 64,000, from +115,000 to +179,000.

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